World Fuel

Aerospace

Volatus Aerospace | April 06, 2023

Volatus Aerospace Corp. ("Volatus" or "the Company") announced today that it has completed the acquisition of Sky Scape Industries, LLC., of Woodbine New Jersey. The transaction was first announced in a press release on March 2, 2023. Expected 2023 revenue from existing inspection projects is C$1.4M of which approximately C$1M is recurring with margins, net income, and expenses within historical norms for projects of this nature. Volatus has been providing in...

Business Aviation

Alder Fuels | September 16, 2022

Today, private aviation investment firm Directional Aviation is making a financial investment in Alder Fuels, a clean tech developer and greencrude producer. As part of the agreement, the two companies also will pilot a pioneering blockchain-powered transparency tool to document the production life cycle and industry adoption of low-carbon SAF. The state-of-the-art tool will assist with transparency around the production of SAF and provide robust documentation for compliance with regulatory prog...

Business Aviation

CommutAir | March 02, 2022

CommutAir and its pilots represented by the Air Line Pilots Association (ALPA) ratified a new long term contract today. The new contract includes significant improvements to pay, benefits and quality of life to competitively position the company to maintain its long term growth. Among the most significant changes are: 30% increase in starting First Officer wages - $51/hr 25% increase in starting Captain wages - $84/hr Commuting prog...

Aviation Technology

Dataiku, UAVIA | March 11, 2021

Dataiku, one of the world's driving Enterprise AI and machine learning platforms, and UAVIA, the European Enterprise-Grade Robotics Data Platform leader, declared that their joint product collaboration has brought about a groundbreaking, completely robotized answer for training and conveying machine learning models for edge computing on drones. The start to finish arrangement empowers industrial administrators to send neural organization models on drones controlled by UAVIA's implanted i...